Published on August 18th, 2015 | by bitcoin0
Filament Attracts $5 Million for I-o-T Hardware Based on Blockchain
Filament will seek to market two hardware units: the Filament Tap, a sensor device that allows devices to communicate with phones, tablets and computers at distances of 10 miles, and the Filament Patch which extends the capabilities of the technology to custom hardware projects.
Founded in 2012, Filament was originally conceived as Scout, a wireless home security system built on mesh networking, before rebranding as Pinocc.io.
After being accepted into the Techstars incubator last October, the company reemerged as Filament with a new focus on industrial use cases for connected devices.
With the funds, Jennings said Filament aims to scale its team from 15 to 30 employees, as it moves toward rolling out its hardware devices in Q4 2015.
Open standard approach
Behind this technology, Filament boasts the inventor of the communications protocol Jabber/XMPP Jeremie Miller as its CTO.